COP Technical Signal Analysis
COP have 1 buy signal and 4 sell signals now. The current trend is consolidation starting from 2025-03-05. The total price change during this trend is +8.22%. Recently, the price has decreased with an increase in volume, indicating a strong bearish signal. The average turnover of COP over last 5 trading day is $1,068,377,123.02
1 Bullish Signal
4 Bearish Signal
Name
Signal
Value
Meaning
Moving Average
5-day SMA crosses above 10-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-3.39
Bearish
Momentum (10 days)
MOM_10 < 0
-1.18
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-1.48
Bearish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 > 80
85.8
Bearish
1 Bullish Signal
Name
Signal
Value
Meaning
Moving Average
5-day SMA crosses above 10-day SMA
--
Bullish
COP Support and Resistance Level
The support levels for COP are at 88.34, 85.28, and 80.33, while the resistance levels are at 98.23, 101.29, and 106.23. With the current stock price at 96.19, it is leaning more toward the resistance levels.
COP Technical Analysis
Technical Analysis of COP Stock
Current Price and Trends
As of the latest data, ConocoPhillips (COP) is trading at $90.74. The stock has shown a recent uptrend, with a 2.29% gain in the regular market session on 2025-03-07.
Key Technical Indicators
- RSI (14-period): 37.12, indicating the stock is not overbought but is approaching oversold territory.
- MACD: The MACD line (-2.70) is below the signal line (-0.87), suggesting a bearish trend, but the convergence is narrowing.
- Stochastic Oscillator: %K (16.75) is below %D (14.51), signaling oversold conditions.
- Fibonacci Levels:
- Pivot Point: $93.52
- Resistance Levels: $98.47 (R1), $101.52 (R2)
- Support Levels: $88.57 (S1), $85.52 (S2)
Price Action and Volume
- The stock is currently trading above its 20-period moving average ($90.28) but below its 50-period moving average ($93.99).
- Volume has been consistent, with 8,603,746 shares traded on 2025-03-07, indicating moderate trading activity.
Recommendation
Based on the oversold conditions indicated by the Stochastic Oscillator and the narrowing MACD convergence, along with the stock's recent price strength, COP is a buy at current levels.
Target Price: $98.47 (Fibonacci R1).
Stop-Loss: Below $88.57 (Fibonacci S1).
This recommendation aligns with recent analyst upgrades, including Goldman Sachs maintaining a Buy rating and JP Morgan raising its price target to $127.
Final Answer: Buy COP at $90.74 with a target price of $98.47.
COP FAQs
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COP Buy or Sell
COP has 1 buy signals and 4 sell signals now. Overall the technical rating for COP is Sell.
Sell
Sell
4
Buy
1
COP Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 96.19 above the SMA_5. In the short term, the stock shows a negative trend with the 94.58 below the SMA_20. In the mid term, the stock shows a negative trend with the 95.62 below the SMA_60. In the long term, the stock shows a positive trend with the 98.83 above the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about COP's current trend?What are COP's key support and resistance levels?